The previous owners of Conkling Marina & Resort on Lake Coeur d'Alene have reclaimed the property in a public auction.
Tom Kirkpatrick and other family members who operated the resort east of Worley from 2002 to 2007 took back the 16-acre site with a credit bid of $2.4 million - about $1 million below what they estimate they are owed, including legal fees, deferred interest and taxes.
There were no other bidders.
"The heartache to go through to get to this point was something treacherous, I'll tell you," says Tom Kirkpatrick, 73. "But now, finally, relief."
The family, which foreclosed on Paul Martinez of Seattle-based Prime Assets LLC, says they scrambled to get the marina running by the traditional April 1 start to the boating season.
"We hope to get some kind of semblance of order for our customers before the season gets really rolling, which is going to be tough," Kirkpatrick says.